Cash Price of Primary Indian Aluminum Switches Direction

by on
Metal Prices, Premium

Following two days of increases, the Indian aluminum cash price dropped by 2.3 percent to end at INR 100.20 ($1.84) per kilogram on Monday, April 29. On the LME, the primary aluminum cash price rose 0.4 percent to $1,890 per metric ton. After a 0.4 percent increase, the 3-month price of aluminum finished the day on the LME at $1,922 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap held steady at CNY 12,525 ($2,032) per metric ton. Chinese aluminum billet held its value on Monday at CNY 14,450 ($2,344) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,050 ($2,279) per metric ton. The cash price of Chinese aluminum steadied at CNY 14,530 ($2,357) per metric ton following two-days of increases.